Question
A bond currently has a price of $1,050. The yield on the bond is 6.00%. If the yield increases 25 basis points, the price of
A bond currently has a price of $1,050. The yield on the bond is 6.00%. If the yield increases 25 basis points, the price of the bond will go down to $1,030. The duration of this bond is ____ years.
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
